Sudan candidate for the HIPC initiative

(1 dollar = 382 Sudanese pounds). A candidate for the Heavily Indebted Poor Countries (HIPC) Debt Relief Initiative in June, Sudan hopes to clear $ 50 billion in debt. Many donors have already given their agreements. Thus, France says it is ready to grant a bridging loan of up to $ 1.5 billion to clear Khartoum’s arrears with the IMF. Similar initiatives have been obtained from the United States and Great Britain. About 85% of Sudanese debt, estimated at between $ 60 billion and $ 70 billion, is past due.
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